The profession is already seeing the beginning of the annual flood of M&A deals looking to get completed before year’s end and the start of next tax season.
Day: November 5, 2026
IRS sets inflation adjustments for tax year 2027
The Internal Revenue Service released the annual inflation adjustments Thursday for tax year 2027 as inflation continues to impact taxpayers in the wake of this week’s midterm elections.
IRS and Treasury designate thousands of opportunity zones
The list of over 6,500 opportunity zones stretches across all 50 states, plus territories, where real estate investors can gain valuable tax breaks.
AICPA teams up with University of Phoenix
The American Institute of CPAs is partnering with the University of Phoenix on a new initiative combining accounting and finance content with faculty resources.
California voters poised to reject first-ever billionaire tax
Proposition 40 would impose a one-time 5% tax on the wealth of billionaires who were California residents at the start of 2026, with most of the proceeds earmarked to shore up healthcare.